The primary impact of HB 0822 is to refine the framework of the New Markets Development Program Act without altering its substantive provisions. Since the bill makes a technical adjustment to the language of the Act, it does not propose new policies or funding measures. However, it helps maintain the legal integrity of the existing law, which promotes economic revitalization in underprivileged areas through investment incentives.
Summary
House Bill 0822, introduced by Representative Emanuel Chris Welch, aims to amend the New Markets Development Program Act. The bill specifically makes a technical change concerning the short title of the Act. While the amendment is characterized as technical, it serves to clarify existing language within the statute. This type of legislative change is common and is often pursued to ensure precision and clarity in state laws.
Contention
Discussing a technical bill like HB 0822 typically sees limited contention as its implications may not generate significant debate. However, there may be adherence to protocol whereby such amendments need to be communicated transparently within legislative discussions. Stakeholders interested in the efficacy and administration of the New Markets Development Program might scrutinize these changes to ensure they do not inadvertently affect the program's intent or implementation.